Liberty Latin America Ltd. (NASDAQ:LILA) Sees Significant Drop in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILA) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 453,235 shares, a decline of 16.9% from the December 15th total of 545,401 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 342,623 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 342,623 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages recently commented on LILA. Benchmark raised their price objective on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $9.75.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. Mackenzie Financial Corp increased its position in Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,314 shares in the last quarter. CWM LLC raised its stake in Liberty Latin America by 80.7% in the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after purchasing an additional 2,897 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Liberty Latin America by 7.8% in the 2nd quarter. Swiss National Bank now owns 59,569 shares of the company’s stock valued at $363,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $7.49 on Monday. The firm has a market capitalization of $1.50 billion, a PE ratio of -2.03 and a beta of 1.02. Liberty Latin America has a 52 week low of $4.25 and a 52 week high of $9.04. The firm’s 50-day simple moving average is $7.95 and its 200 day simple moving average is $7.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts predict that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.